March 28, 2000 TrizecHahn sells $1.7 Bln portfolioThe National Post, March 28 TORONTO – TrizecHahn Corp.'s 1.7 billion Canadian dollar (US$1.2 billion) sale of almost all of its properties in Canada is being called a brilliant strategic move...

March 28, 2000 Club Monaco has leased 18,000 square feet of retail space at 699 Fifth Avenue in Midtown Manhattan from Starwood Hotels & Resorts (NYSE:HOT).Club Monaco, a clothing retailer owned by Ralph Lauren, will open its flagship...

March 28, 2000 CITY OF INDUSTRY, Calif. – Koll Development Co. has completed the sale of two industrial properties in the Plantation Business Center to Sares-Regis Group for $19 million, or $41/sf.The two buildings have 300,000 square feet...

March 28, 2000 (NewsTraders.com) -- Franklin Mutual Advisers, the holder of a 21.4% equity stake in Wellsford Real Property (AMEX:WRP), plans to take a more active role in its investment, stating late Monday in a regulatory filing that...

March 28, 2000 (NewsTraders.com) -- Zooming in on a diversified real estate operating company that he believes will be able to capitalize on the technology boom, Merrill Lynch analyst Eric Hemel upgraded his intermediate-term rating on Catellus Development...

March 28, 2000 1st-Qtr 001st-Qtr 99Net Income $21.5 mln $20.4 mln Net/shr$0.62 $0.57 Revenue$95.3 mln $76.2 mln Shares outst.34.7 mln 36 mln

March 28, 2000 ATLANTA – A unit of Johnson Controls Inc. (NYSE:JCI) has won a five-year contract worth $1.36 billion to manage the Canadian real estate operations of Royal Bank of Canada. Johnson's Brookfield LePage Johnson Controls will...

March 28, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $49 mln$48.9 mln$198.3 mln $191 mlnFFO/shr (diluted) $0.54$0.54$2.15$2.11Net Income $38 mln $33.4 mln$128 mln$132.5 mlnNet/shr$0.42$0.37 $1.42$1.46 Revenue$109.3 mln $109.9 mln $438 mln$418.6 mln Shares outst.91.5 mln 91.1 mln92.4 mln90.4 mln

March 28, 2000 1st-Qtr 001st-Qtr 99FFO$2.9 mln$2.7 mln FFO/shr (diluted) $0.26$0.25Net Income $1 mln $0.96 mlnNet/shr$0.09 $0.10 Revenue$7.8 mln $6.9 mlnShares outst.5.4 mln 5.1 mln

March 27, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE:CTA) has sharply reduced the common stock dividend it pays, to 21 cents/share, payable April 20 to holders of record March 31.The REIT previously paid a quarterly dividend...

March 27, 2000 NewsTraders.com) -- Financial services company Finova Group (FNV) was lowered to "outperform" from "buy" today by Salomon Smith Barney, according to a source at the brokerage.Early this morning, Finova said first-quarter earnings would miss Wall...

March 27, 2000 CHARLOTTE, N.C. – Banc of America Securities has hired Rochelle Dobbs as managing director of its CMBS Capital Markets group.Dobbs was formerly with Chase Manhattan Bank where she was responsible for commercial mortgage originations for...

March 27, 2000 NEW YORK – Deutsche Bank AG has appointed Karen Weaver as a managing director and head of securitization research in its Global Markets unit. At Deutsche Bank, Weaver will be responsible for all of the...

March 27, 2000 By Paul Gereffi, IPGDirect.com CorrespondentMEMPHIS – Champion Partners Inc. has signed a deal with a tenant to occupy 624,612 square feet of the industrial facility Trade Center II in Memphis, Tenn.The unnamed tenant will be...

March 27, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) sold an unimproved site at 3300 West Olive Street in Burbank, Calif., for about $20 million.The site was sold to M. David Paul & Associates, a Los Angeles...

March 27, 2000 Go To Moody's Presale Report.Go To Fitch IBCA Presale Report.LB-UBS Commercial Mortgage Trust 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePrice Talk(BP)BnchMarkA-139520.25AaaAAA5+33 area1-mo. LiborA-2698.320.25AaaAAA10+45 area1-mo. LiborB75.414.75Aa2AA10+172 areaTreas.C51.411A2A10+187 areaTreas.D20.59.5A3A-10+197 areaTreas.E13.78.5Baa1BBB+10+217 areaTreas.F13.77.5Baa2BBB10+227 areaTreas.G12.36.6Baa3BBB-10+260 areaTreas.X*1.37 bilN/AAaaAAA--+350-375Treas.*Interest only.

March 27, 2000 (NewsTraders.com) -- Financial services company Finova Group (FNV) was lowered to "outperform" from "buy" today by Salomon Smith Barney, according to a source at the brokerage.Early this morning, Finova said first-quarter earnings would miss Wall...

March 27, 2000 Visa International division to get high-tech Miami HQThe Sun-Sentinel, March 27MIAMI – Visa International's Latin American and Caribbean division has broken ground on its new 170,000-square-foot headquarters building just south of Miami Airport at NW...

March 27, 2000 Teachers leaves Cadillac alone to pick CEOThe Globe and Mail, March 27 TORONTO – Peter Sharpe, a longtime executive at Cadillac Fairview, is expected to be named CEO of Canada's largest mall owner today, a...

March 27, 2000 TORONTO – TrizecHahn Corp. (NYSE:TZH) has agreed to sell most of its Canadian office properties for $1.7 billion and plans to sell certain U.S. properties that it terms "non-core."In an announcement this morning, the Toronto...

March 27, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has put Conifer Realty Corp., its affordable housing development unit, in play.The REIT said it would consider a public spin-off of the unit or a sale of all or...

March 27, 2000 NEW YORK – Jeffrey G. Hoppen, who formerly headed up debt and equity-raising activities for Starwood Financial (NYSE:SFI), has joined CapitalThinking Inc. as managing director in charge of business development.CapitalThinking is an online mortgage origination...

March 24, 2000 AmSouth, law firm interested in Highwoods building downtownFlorida Times-Union, March 24JACKSONVILLE, Fla. – AmSouth bank and the Foley & Lardner law firm are both contemplating a move into a new downtown office building, pending decisions...

March 24, 2000 TrizecHahn in talks to sell Canadian assetsThe Globe and Mail, March 24 TORONTO - Real estate giant TrizecHahn Corp. is in talks to sell its major Canadian office assets, including all of its Calgary holdings....

March 24, 2000 FAIRFIELD, N.J. – Prime Hospitality Corp. (NYSE:PDQ) has agreed to buy leasehold interests in 27 Sumner Suites hotels from Sholodge Inc.Prime, which plans to convert the properties into AmeriSuites hotels, will operate them under agreements...